All Forum Posts by: Brandon P.

Every so often I have the opportunity to talk to groups of investors, on a podcast, or just one-on-one with friends and clients. 

I feel like people hide behind this idea of analysis paralysis like it is some new cool trend.

Analysis paralysis is not cool it is another way of saying that you are afraid. 

Afraid to trust yourself and everything you know, afraid to put yourself in situations that require you to put in the WORK.

As Millenial, we have gotten a lot of grief for being lazy, not wanting to put work with our hands, etc. 

I won't make this about the differences between generations but I will say that there is more opportunity in real estate right now in America then there ever has been.

The only person that is holding you back, is you.

Hello BP community.

I am a construction engineering student at Concordia University, Canada.
For our cost estimation project, we need to know the total cost of finished two-story wood-frame building with a basement and load bearing walls. The square footage, location and the year of the construction is needed too.

Appreciate it.

Still thinking about real estate investing? Dreaming about it? Talking about real estate to your friends and co-workers? Studying. . .reading. . .hours watching videos on YouTube and, god help you, TikTok?  You’re kidding yourself, but understand this: you are mired in Paralysis of Analysis, a virus worse than Covid.
3 months becomes 6 months becomes a year, and you’re still standing in the same spot. Rates are up and rising; sales are down; price reductions are becoming more common; and houses are sitting unsold longer.  If not now. . .when??
It took me 3 years to break the shackles of Paralysis of Analysis. Don't be like Mike.  That was almost 30 years ago and I’ve been investing ever since. How did I finally move on from studying to investing? I settled on ONE strategy that fit my financial abilities at the time.  Like many new investors I was filled with enthusiasm but empty in the pockets, forcing me to go creative and on the cheap.  For me that was working assignments and flips, which enabled me to raise some much needed capital and then get into other strategies.  
Hopefully this helps some of the n00bs who are trying to kick off their new business.  Feel free to share you questions and concerns.  Also happy to share my opinions on in-laws, making great pizza, and my NY Giants, (ugh). 

Hello everyone, My name is Anaika. I'm only 18 years old and have a good chunk of money saved up, but I don't know what to do with it. I always wanted to start house hacking; that's always been my main focus in life. I want to buy a home and rent it out to someone reliable, but since I'm so young, I think I can't really do much because it will be tough to get the deal started on the property or just get the bank to give me a FHA loan from the start. My credit isn't bad at all, but I don't know if that matters at all. I'm just coming on here to get some suggestions from you and see what I can do. I'm a very ambitious person and like to learn from others.

Hey @Devin Peterson ,

What do you mean by primary residence? is that a multi-family property?

Sorry for my newbie question.

I really want to understand the business :)

Hey all - wanted to see if anyone out there has used a DSCR loan for an STR. I have a few STR's all under conventional loans in my personal name (title is in LLC though), which is effecting my DTI/shows up on my credit. I am a high W2 income earner, but need to start buying under my LLC, as eventually my DTI won't be sufficient enough to secure lending.

I'm wanting to know a couple things:
1. What kind of rates/terms can I expect from a typical DSCR loan on a STR in the current environment?
2. What proof of revenue is typically used? (AirDNA, my personal Airbnb history, etc?)
3. Where would you start your search for the DSCR loan products/ are there any places you'd recommend shopping first?

I'm in Fort Worth area, and would love to connect with any fellow local investors as well. I appreciate the help, thanks!